Joe Consorti on $MSTR, $STRC Buys and Bitcoin Through $100K
Show notes
Joe Consorti joins host Jody Flournoy on Macro Mondays to break down the MSCI index decision on Strategy ($MSTR), Strategy's $STRC buybacks back to par, and why he thinks bitcoin can blast through $100,000. Then Artem Ponomarev, CEO of X-Place, explains borrowing against stocks and bitcoin and why he expects the biggest bull run ever.
Joe walks through the numbers on MSCI forced selling, the Fed and $100 oil, why he treats MSTR as a trade and bitcoin as savings, what people get wrong about treasury company leverage, paper bitcoin, and Michael Burry versus the Fed backstop. Artem covers partial liquidation protection, tokenization and Robinhood, which stocks work as collateral, and how AI job losses could shape markets.
Timestamps:
0:00 Intro
0:14 Cold open: best moments
0:42 Macro Mondays with Joe Consorti
2:56 MSCI index rules and Strategy's forced selling math
4:03 Strategy repurchasing STRC back to par
7:07 Michael Saylor's reply and the subprime double standard
9:47 Fed rate cut odds, $100 oil and credit
13:30 Bull market mindset and a free Bloomberg terminal for bitcoin
16:05 Bitcoin and Nasdaq chart: can BTC blast through $100K?
21:01 STRC price, repurchases and dividend yield
26:22 Should you own MSTR or bitcoin?
27:58 Treasury company leverage misconceptions
30:23 The bitcoin debt spiral YouTuber narrative
33:21 Paper bitcoin and why most conspiracies fail
35:31 Michael Burry vs the Fed backstop
40:30 Will the macro backdrop stay supportive? Where to follow Joe
42:13 Sponsor: Ledn
42:45 Artem Ponomarev of X-Place joins
44:11 Why Artem expects the biggest bull run ever: AI and stimulus
47:51 What X-Place does: borrowing against stocks and bitcoin
50:02 Partial liquidation protection explained
51:26 Robinhood, tokenization and one-to-one backed assets
54:52 Which stocks qualify as collateral: SPX, QQQ and the top names
57:01 Selling vs borrowing against your portfolio
1:01:25 Growth in India and Thailand and the referral program
1:02:59 Outlook: AI job losses, stocks and leverage
1:05:37 Wrap up
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